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<p>Global equities continue to climb higher on hopes that Europe is finally nearing a 750-billion euro fiscal response and as investors eagerly await the results of human trials of COVID-19 vaccines. The long awaited EU fiscal response is a key turning point for the bloc as the survival of the euro was always needing nations […]

<p>Stock markets are making strong gains once again on Wednesday as investors turn a blind eye to increasing friction between the US and China and focus on the exciting prospect of economies reopening after months of lockdown. The soft reopening so far appears to be going well and is leading to further easing measures, including […]

<p>It was more of the same this morning with stocks extending their gains across Europe and US index futures added to theirs amid easing of lockdown measures and ongoing central bank support. In FX, the dollar bounced back a little bit, before turning lower again as the euro jumped on EU coronavirus recue fund headlines. […]

<p>Notes/Observations Awaiting the unveiling of the EU Commission’s recovery fund; question is whether the Franco-German proposal serve as blueprint or will frugal group derail the stimulus impact??? – Grants or loans???? Tensions simmer in Hong Kong ahead of China’s NPC security vote on Thursday Asia: Japan Govt said to increase

<p>The Euro probes through key barriers at 1.10 zone on Wednesday additionally boosted by proposal of the European commission for rescue package worth 750 billion euros. The pair extends Tuesday’s advance (up 0.8% for the day), also driven by renewed risk appetite on hopes of global recovery that deflated dollar. Fresh probe through key

<p>The USD weakened across the board yesterday as market sentiment improved due to the reopening of various economies around the world, yet later on seemed to be on the rebound having some safe haven inflows. Analysts tend to mention worries of a possible escalation in the tensions characterizing the US-Sino relationships as the main reason [

<p>The euro currency remains well-supported on pullbacks against the US dollar, following a short-lived dip towards the 1.0950 support area. A bullish reversal pattern on the lower time frames is warning of a strong advance in the EURUSD pair towards the 1.1100 technical area. Traders should note that the bullish reversal pattern remains vali

<p>The US dollar is under slight downside pressure against the Japanese yen currency as tensions between the US and China are causing traders to move into safe-haven currencies. Repeated failure to move price above the 108.00 level is also weighing on the USDJPY pair technically. If sellers break the 107.50 support level, then the USDJPY [&he

<p>In America, there’s a flood of data coming up towards the end of the week. Durable goods orders and the weekly jobless claims are due at 12:30 GMT on Thursday, while Friday brings consumption and income numbers ahead of a speech by Fed chief Powell (15:00 GMT). For the dollar though, none of these is […]

<p>Yesterday, the XAU/USD exchange rate tumbled to the 1,710.00 level. During Wednesday morning, the rate declined below the given level. From the one hand, it is likely that some downside potential could prevail in the market. In this case the rate could target the 1,690.00/1,700.00 area. From the other hand, it is likely that yellow [&helli